N-12025 Annual Financial Statements - Redacted
5 passages
Greenhouse Gas Emissions: NSPI is subject to GHG emission caps for the 2010 through 2030 period as outlined in the "Nova Scotia Greenhouse Gas Regulations", and further updated by Order in Council in 2013. The emission cap reduces from 10...
AI summary NSPI faces GHG emission caps from 2010-2030 under provincial regulations, with a 2013 Order in Council reducing limits from 10 to 4.5 megatonnes. An Equivalency Agreement with Canada (2014-2029) exempts Nova Scotia from federal coal phase-out rules. NSPI complies via renewables, imports, and efficiency. Federal laws like the Pan-Canadian Framework and Clean Electricity Regulations (2024) aim for net-zero electricity by 2035, with NSPI collaborating on carbon reduction measures.
Year NOx Caps (tonnes) 2021-20241 56,000 2025 11,500 2026-2029 44,000 2030 8,800 1 NOx four-year cap for 2021‐2024 is 56 tonnes, with no single year exceeding 14.995 tonnes.
AI summary The table outlines NOx emission caps for specific years, with a four-year cap of 56,000 tonnes for 2021-2024, and significantly lower caps for 2025 and 2030. A footnote clarifies that no single year in the 2021-2024 period can exceed 14.995 tonnes.
Beginning in 2025, emissions compliance periods for SO2 came into effect, as outlined in the Certificate of Variance as follows: Year SO2 Caps (tonnes) 2025 45,000 2026 45,000 2027 40,000 2028 28,000 2030 9,000 2031 9,000 2032 9,000 2033 9...
AI summary Starting in 2025, SO2 emissions compliance periods are in effect with decreasing caps. NSPI is within or expects to meet these limits but exceeded previous limits for Mercury and SO2. NSPI compensated for excess mercury emissions by 2025 and can apply for exemptions or reduce emissions for excess SO2.
Greenhouse Gas Emissions NSPI is subject to GHG emission caps for the 2010 through 2030 period as outlined in the "Nova Scotia Greenhouse Gas Regulations" and further updated by Order in Council in 2013. The emission cap reduces from 10 me...
AI summary NSPI must comply with provincial GHG emission caps from 2010–2030, reduced from 10 to 4.5 megatonnes. The Equivalency Agreement with Canada exempts Nova Scotia from federal coal phase-out requirements. OBPS imposes escalating carbon prices starting at $65/tonne in 2023, rising to $170/tonne by 2030. NSPI will meet targets through renewables, imports, and efficiency. Federal CER (2035) mandates fossil fuel electricity emission reductions, aligning with Nova Scotia's 80% renewable goal by 2030.
2025 Annual Financial Statements Attachment 5 Page 15 of 26 REDACTED (CONFIDENTIAL INFORMATION REMOVED) and emission caps. NSPI is currently within, or forecasts the ability to meet, the prescribed limits for the current compliance periods...
AI summary NSPI exceeded Mercury and SO2 emission limits in 2022 but compensated for Mercury by 2025. It secured extended deadlines for SO2 compensation via Certificates of Variance from NSECC, allowing flexibility until 2034 without incremental customer costs, ensuring grid reliability.
N-2Refiled Statements - NSPI - Redacted
5 passages
Greenhouse Gas Emissions: NSPI is subject to GHG emission caps for the 2010 through 2030 period as outlined in the "Nova Scotia Greenhouse Gas Regulations", and further updated by Order in Council in 2013. The emission cap reduces from 10...
AI summary NSPI must comply with Nova Scotia's GHG emission caps from 2010-2030, reducing from 10 to 4.5 megatonnes. An Equivalency Agreement with Canada exempts Nova Scotia from federal coal phase-out rules. NSPI will use renewables, imports, and efficiency to meet targets. The Pan-Canadian Framework mandates a $170/tonne carbon tax by 2030, with Nova Scotia implementing an OBPS. Federal Clean Electricity Regulations (CER) aim for a net-zero grid by 2035.
Year NOx Caps (tonnes) 2021-20241 56,000 2025 11,500 2026-2029 44,000 2030 8,800 1 NOx four-year cap for 2021‐2024 is 56 tonnes, with no single year exceeding 14.995 tonnes.
AI summary The table outlines nitrogen oxide (NOx) emission caps from 2021 to 2030, showing a four-year cap of 56,000 tonnes for 2021-2024, decreasing to 11,500 tonnes in 2025, and then increasing again to 44,000 tonnes for 2026-2029, with a cap of 8,800 tonnes in 2030. A footnote specifies that the 2021-2024 cap is 56 tonnes, with no single year exceeding 14.995 tonnes.
Beginning in 2025, emissions compliance periods for SO2 came into effect, as outlined in the Certificate of Variance as follows: Year SO2 Caps (tonnes) 2025 45,000 2026 45,000 2027 40,000 2028 28,000 2030 9,000 2031 9,000 2032 9,000 2033 9...
AI summary Beginning in 2025, emissions compliance periods for SO2 came into effect with specific caps outlined in the Certificate of Variance. NSPI is expected to meet these limits but exceeded them for Mercury and SO2 in 2022. NSPI compensated for excess mercury emissions by 2025 and can apply for exemptions or reduce emissions to comply with regulations.
Greenhouse Gas Emissions NSPI is subject to GHG emission caps for the 2010 through 2030 period as outlined in the "Nova Scotia Greenhouse Gas Regulations" and further updated by Order in Council in 2013. The emission cap reduces from 10 me...
AI summary NSPI is subject to provincial GHG emission caps that decrease from 10 to 4.5 megatonnes between 2010 and 2030. The Province implemented an OBPS in 2023 to meet federal carbon pricing regulations, with carbon prices increasing annually. NSPI is also preparing for federal Clean Electricity Regulations, which will limit fossil fuel emissions starting in 2035.
Environmental Legislation: Emera is subject to extensive regulation by federal, provincial, state, regional and local authorities regarding environmental matters, primarily related to its utility operations. This includes laws, regulations...
AI summary Emera is regulated by various authorities on environmental matters, including GHG emissions, renewable energy standards, and waste management. Nova Scotia and Canada have set net-zero goals by 2050, with Nova Scotia targeting coal phase-out by 2030. PFAS regulations could also impact operations and land acquisition strategies.